{"id":321,"date":"2015-01-21T18:06:00","date_gmt":"2015-01-21T18:06:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2015\/01\/21\/target-tanks\/"},"modified":"2015-06-01T19:40:40","modified_gmt":"2015-06-01T19:40:40","slug":"target-tanks","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2015\/01\/21\/target-tanks\/","title":{"rendered":"Target tanks"},"content":{"rendered":"

Ste. Doroth\u00e9e, Chomedey superstores to close<\/i><\/b>

<\/b>
\nBy Robert Frank<\/b>
www.thesuburban.com<\/a><\/p>\n

Pay more. Expect less. It took just 16 months<\/a> for United States retail giant Target a year to go bust in Canada by failing to replicate here the price and logistic wizardry that earned it renown among American shoppers. <\/p>\n

Target\u2019s two Ste. Doroth\u00e9e and Chomedey superstores will soon close their doors, as the company winds down operations, throwing about 400 Laval employees out of work. The company hired 27,000 staff for its first foreign foray<\/a>, when it entered the Canadian market in Sept. 2013, including 5,000 in Quebec. <\/p>\n

If there\u2019s a silver lining to Target tanking, it could be to help revive another struggling American retailer\u2019s Canadian arm. Reducing retail capacity could benefit Sears Canada, which rapidly reached out to skim the cream of the crop for Target\u2019s soon-to-be-unemployed staff. <\/p>\n

Although closing Target\u2019s 124 stores, including 25 in Quebec, has vacated 20 million sq.ft. of Canadian retail real estate floor space, the infrastructure that it will leave behind is much-improved in terms of energy efficiency and environment-friendliness. Target invested billions in its Canadian launch. After it bought iconic Hudson\u2019s Bay Company\u2019s lacklustre Zellers chain it spent $11-23 million renovating each store. <\/p>\n

Target\u2019s entry also prodded other Canadian retailers to up their game. <\/p>\n

\u201cYou have stores like Canadian Tire that have revitalized themselves very successfully,\u201d observed <\/p>\n

Vancouver-based retail real estate expert Ian F. Thomas<\/a>. <\/p>\n

During the same period, declining demand drove the Best Buy and Future Shop chains to downsize their store networks. Chapters Indigo focused on turning its bookstores into cultural retail centres, with toys, hobbies, home d\u00e9cor, food, beverages and in-store demonstrations. <\/p>\n

Hot on the news of Target\u2019s failure last week, Sony also announced that it would close its Canadian retail outlets, none of which were located in Laval. <\/p>\n

Discount competitor Wal-Mart saw off Target by bolstering its service and intensifying its advertising presence. <\/p>\n

Meantime, upmarket American retailer Nordstrom has put its expansion into the Canadian market on ice.
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\nFormer ceo Tony Fisher spoke to reporters Sept. 16, 2013, the day before <\/b>Target Canada opened it’s Sainte Doroth\u00e9e store, where some 200 employees will soon lose their jobs.<\/b><\/div>\n
\n(Photo \u00a9 Robert Frank)<\/i><\/b><\/div>\n","protected":false},"excerpt":{"rendered":"

Ste. Doroth\u00e9e, Chomedey superstores to close By Robert Frankwww.thesuburban.com Pay more. Expect less. It took just 16 months for United States retail giant Target a year to go bust in Canada by failing to replicate here the price and logistic wizardry that earned it renown among American shoppers. Target\u2019s two Ste. Doroth\u00e9e and Chomedey superstores<\/p>\n","protected":false},"author":1,"featured_media":2930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nTarget tanks - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2015\/01\/21\/target-tanks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Target tanks - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"Ste. Doroth\u00e9e, Chomedey superstores to close By Robert Frankwww.thesuburban.com Pay more. Expect less. 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